The latest announcement is out from Ucore Rare Metals ( (TSE:UCU) ).
Ucore Rare Metals Inc. has successfully closed a non-brokered private placement, raising CAD$1,173,480 through the sale of 1,955,800 units at CAD$0.60 per unit. The proceeds will be used for general corporate working capital purposes, and the offering remains subject to TSX Venture Exchange’s final approval. This move is part of Ucore’s broader strategy to enhance its operational capabilities and strengthen its position in the rare metals industry.
More about Ucore Rare Metals
Ucore Rare Metals Inc. is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies, aiming to become a leading advanced technology company in the mining and mineral extraction industry. The company plans to disrupt China’s control of the North American rare earth element supply chain by establishing processing facilities in the U.S., Canada, and Alaska, and developing its Bokan-Dotson Ridge Rare Heavy REE Project in Alaska.
YTD Price Performance: -2.70%
Average Trading Volume: 39,291
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$50.9M
For an in-depth examination of UCU stock, go to TipRanks’ Stock Analysis page.